Tagged: open banking

September 27, 2024 @ 9:26 am By Omar Faridi  |  

Multitude Bank p.l.c., a core subsidiary of the Nordic-born listed Fintech, Multitude Group, offers digital lending and online banking services to consumers and SMEs across Europe. The Bank has now partnered with Salt Edge, an open banking platform, with “a goal to enable instant loan… Read More

September 25, 2024 @ 7:18 am By Omar Faridi  |  

Newton Property Management has expanded its existing relationship with bank payment company GoCardless by adding Instant Bank Pay, its open banking-powered payment feature, to the Direct Debit functionality it uses already. Through GoCardless’ unique combination of Direct Debit and open banking payments, Newton can now… Read More

September 19, 2024 @ 1:35 pm By Tony Zerucha  |  

This past week, Open Banking Limited announced that the Competition and Markets Authority has officially confirmed the full completion of the final Roadmap for Open Banking. This milestone, building on the “substantial completion” announced in 2023, means that all nine banking providers mandated by the… Read More

September 18, 2024 @ 7:46 am By Omar Faridi  |  

Konsentus announced that Konsentus’ European trusted data, Konsentus Verify, can now be accessed through an online portal, via a real-time API or a downloadable cache. Financial Institutions in the European Economic Area (EEA) can choose the delivery mechanism that best works for them. For open… Read More

September 16, 2024 @ 6:13 am By Omar Faridi  |  

Plaid partners with financial institutions to simplify the transition to open banking by providing secure, scalable API solutions that enable seamless data sharing. By collaborating closely with financial institutions, Plaid aims to help “ensure compliance with regulatory standards and modernization of infrastructure for data connectivity.”… Read More

September 11, 2024 @ 8:16 am By Omar Faridi  |  

TrueLayer, an open banking payments network, says it has expanded its partnership with Stripe. TrueLayer now underpins Stripe’s Pay by Bank offering “across its payments products in the UK.” In May, Stripe unveiled Pay by Bank—a new payment method “enabling merchants to accept payments directly… Read More

September 9, 2024 @ 8:22 pm By Omar Faridi  |  

The payment landscape has evolved at an exponential rate over the past decade, with many payment methods rising to become some of the most used solutions across retail, eCommerce, B2B (Business-to-Business), and P2P (Peer-to-Peer) scenarios. This, according to an update from Juniper Research. Juniper Research… Read More

September 7, 2024 @ 11:07 am By Omar Faridi  |  

Fifth Third Bank is pleased to announce a collaborative agreement between NewlineTM by Fifth Third, an embedded payments platform, and Trustly, the global enabler of Open Banking Payments. Working together, Trustly and Newline will “drive innovation across the money movement landscape, including payments via the… Read More

August 31, 2024 @ 6:12 pm By Omar Faridi  |  

Brite Payments, a provider of open banking-based instant payments, announced that SAVR, one of Sweden’s most innovative investment platforms, has integrated Brite Instant Payments, enabling customers to make larger direct money transfers into their accounts both quickly and securely. SAVR is a Swedish fund trading… Read More

August 21, 2024 @ 1:03 pm By Omar Faridi  |  

Støtte, a platform designed to make it easier for sports associations and humanitarian organizations to receive support, announces its introduction of open banking with Neonomics. Støtte allows supporters to make micro-donations “with every financial transaction they make. Neonomics has worked closely with Støtte to connect… Read More

August 14, 2024 @ 10:07 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is enhancing its Open Banking for Lending program, delivered with Argyle, to streamline the lending process and give consumers more agency over their financial lives. With new features, Mastercard has the ability to “provide income and employment coverage to the estimated 95… Read More

August 5, 2024 @ 10:45 am By JD Alois  |  

The American Fintech Council (AFC) has issued a statement on the bipartisan letter sent by a group of House Representatives asking the Consumer Financial Protection Bureau to adjust requirements pertaining to control of consumer data along the lines of Open Banking. The AFC says they… Read More

August 5, 2024 @ 9:25 am By JD Alois  |  

A group of US House Representatives have sent a letter to the Consumer Financial Protection Bureau (CFPB) requesting the agency revise use of personal data. Led by Representatives Mike Flood, Brittany Pettersen, Erin Houchin, and ten other Representatives, the letter notes that the Personal Financial… Read More

August 5, 2024 @ 8:26 am By Omar Faridi  |  

Konsentus announced that Konsentus Verify, Europe’s open banking identity and regulatory checking solution, is now available on Temenos Exchange, the partner ecosystem of integrated fintech solutions. Konsentus Verify ensures end-user account “access is never granted to unauthorised third parties, giving consumers and businesses the highest… Read More

July 24, 2024 @ 9:04 am By Omar Faridi  |  

D•One, the open banking unit of The ClearScore Group, has announced a partnership with Zopa Bank. The latest integration will see Zopa Bank add D•One to its partners that offer open banking connectivity as well as transaction categorization intelligence. D•One will be focusing on Zopa’s… Read More

June 24, 2024 @ 9:02 am By JD Alois  |  

Euronet (NASDAQ: EEFT) and Fintech Galaxy have announced a partnership to offer Open Banking services in the MENA region and the African continent. The service includes digital banking or Banking as a Service, as well as offerings for Fintechs, merchants, and more. Services include payments,… Read More

June 22, 2024 @ 11:37 am By Tony Zerucha  |  

Vixio, a provider of regulatory intelligence solutions, has published its 2024 Open Banking Outlook report, a unique dive into the growing issue of open banking. This report delves into the current and future open banking landscape and offers valuable insights on how businesses can leverage… Read More

June 21, 2024 @ 7:15 am By Omar Faridi  |  

Mastercard (NYSE: MA) has provided an update on its efforts related to scaling open banking to unlock Fintech innovation and enabling choice. The company states that Mastercard Start Path is supporting nine startups across open banking and embedded finance. Mastercard is introducing nine Fintechs “to… Read More

June 19, 2024 @ 12:26 pm By JD Alois  |  

A report from the UK indicates that more than 50% of consumers benefit from Open Banking but do not know it. The research claims a “clear disconnect between recognition and use of Open Banking.” Open Banking or Open Finance is mandated in the UK. This… Read More

June 18, 2024 @ 5:28 pm By Omar Faridi  |  

Over the past decade, digital finance apps and services have “accessed consumer-permissioned data to provide personalized experiences that serve many consumer needs,” according to an update from Plaid. As a result, consumers now have “more and better choices in the apps they can use to… Read More